The Reserve Bank of India (RBI) has come down heavily on India Inc for not prudently using hedging tools available to them. Rather, the hedging instruments are often used to trigger instability in the market. Commenting on whether the corporate sector had failed to take a “well-deliberated and calculated call”, when it came to hedging, RBI’s Executive Director, G Padmanabhan, said the corporate sector had become complacent regarding the rupee’s stability, particularly during 2009-2011 when the Indian currency was range-bound between 44-46 a dollar............
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